A rendering shows a planned hotel, housing and retail complex for the block bounded by Second, Third and Liberty streets and Muhammad Ali Boulevard.

Written by

Marcus Green and Chris Otts
| The Courier-Journal

Cordish Co., the owner and operator of 4th Street Live, is reviving plans for transforming the old Louisville Water Co. block downtown - an idea that Mayor Greg Fischer said he is approaching with caution.

The Baltimore-based developer said in a statement that it has all of its private financing in place for the $245 million project that includes a 600-room hotel, 200-unit apartment complex, a specialty grocery store and other retailers.

The company said it is working with the city "to determine to what extent the public subsidies are available with a goal of limiting public involvement to ...